UK supermarket Morrisons has revealed it will invest £1.6 billion in British food production and agriculture in 2026.
The retailer said the investment would support a series of multi-year partnerships with producers supplying Morrisons with meat, fish, dairy, eggs and fruit and vegetables.
Stating that trade terms between farmers and the supermarket would be governed by The Groceries Supply Code of Practice (GSCOP), Morrisons confirmed it would work with producers in a “partnership approach”.
Morrisons said it would focus on having a “firm commitment” to fair dealing and transparency.
Farming Minister Dame Angela Eagle commented: “For decades, Morrisons has been a steadfast and consistent partner for British agriculture.
“Through long-term partnerships and significant investment, they are not only helping put quality homegrown food on our tables, but are also helping sustainable food production to grow and prosper.
“This Government will continue to work closely with industry to support British farming and increase its profitability, productivity and sustainability for years to come.”
Backing British producers
Rami Baitiéh, chief executive officer at Morrisons, commented: “Now, more than ever, at a time when farming is under pressure, we stand shoulder to shoulder with British farmers, providing them with long term financial stability and practical support.
“That is why we are committing to invest £1.6 billion with British farms this year, backing the people who produce our food and giving them the confidence and stability they need to continue producing high quality British products for our customers.”
